There’s no question about that. This is going to be built, but that doesn’t mean that we can’t also be the highest rated stock in the space. Every month that goes by, more and more countries are asking the companies that are invested there to give more money to rework their sovereign agreements. The jurisdictional aspect combined with a bull market in gold, means that for us, as investors, Donlin is truly the holy grail. I have no doubt that we can see a 10x on this stock as every day, every week, the story gets better and better and better, partly because we’re moving the project forward and partly because, as I started by saying, we live in an entirely different world, and it’s all about being able to have the greatest leverage to gold in a jurisdiction that will allow you to keep the fruits of the leverage.
If you can’t combine those 2 attributes, you’re a dead man walking. If you can combine those attributes, you’re going to make a killing in the market. And for me, if I didn’t think that, that was the case with NovaGold and Donlin, I put it in play and we’d sell it to pivot to something better, but I genuinely don’t believe that there is anything better out there in this space. Thank you.
Melanie Hennessey: Thank you, Tom. We have a few more questions that have come on via the webcast, and I will ask the first one is directed to Greg. What are the goals of the next feasibility study? And will there be another future feasibility study before breaking ground?
Gregory Lang: I think the goals of the feasibility study, you’re pretty, pretty intent to update our geologic understanding of your body update current trade-out studies we’re doing and use that knowledge to define the most optimal project pertaining to those 2 new feasibility study. But yes, I think the question will there be a new feasibility study? Absolutely. The existing study is scale and our thinking on the project primarily building it in stages is crystallizing. And all of the learnings in the last couple of years been growing or we incorporated into the new study to deliver the cost of sense project in shareholders.
Melanie Hennessey: Great. Thank you in the final question and also came by other webcast is given our current cash flow rate? Do you have sufficient funds to last for the next 24 months?
Gregory Lang: Yes, the question is about rates — Absolutely, we — the feasibility or actually will be less dollars to ones Drilling is a costly activity in our budget last year, Diamond was the highest in many years, and that was $60 million in total and to each partner. Going forward, net this year is less demand. But when we embark on a new feasibility study, we’re, of course, updating the budget. But in total, feasibility study engineering would be less than the run rate we had on our drilling programs in the last 2 years. Yes, clearly, we’ve got our gross burn rates. We have sufficient cash to see us through a completion of feasibility study in to a construction decision. So no until then.
Melanie Hennessey: Thank you, Greg. That wraps up the Q&A session. Back to you.
Gregory Lang: All right. We like to thank you for taking the time to get an update on NovaGold.
Operator: This concludes the question-and-answer session. I would like to turn the conference back over to Greg for any closing remarks.
Gregory Lang: Thank you, everybody, for taking the time to join our call this time. We look forward to updating you in the coming months as our work progresses. Thank you.
Operator: This concludes today’s conference call. You may disconnect your lines. Thank you for participating, and have a pleasant day.
